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Technology Stocks : Apple Inc.

AAPL 273.85

+0.5%

Dec 24 12:59 PM EST

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To: Alomex who wrote (14041)	5/26/1998 2:41:00 PM
From: Alomex	Read Replies (1) of 213177

It seems to me that the price is lower than $27.70. Closing price on Friday in Germany should have been the equivalent of no higher than US$28 3/4 as the stock traded in NASDAQ below that figure all day. Now subtract 4.98% from that and we get a closing price for today of $27.32. Alternatively, if we assume Apple closed Friday in Germany while at $28 1/4 in NASDAQ, today's (monday) closing price would be US$26.84. Indeed, the stock closed up 0.31% today (tuesday) at Frankfurt, while in NASDAQ was quoting at $27. Working backwards we see that yesterday's closing price in Frankfurt must have been $26.92 which for all practical purposes matches my back of the envelope computations of $26.84 closing price. Having said that, both yesterdays and todays trading volume in Frankfurt is minimal (roughly 4k shares), so at no time should we read too much into it.

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